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Singapore is a prosperous nation actively shaping its economy through supply-side management, with a significant Indian diaspora contributing to its banking and technology sectors, and its government uses land and housing policies to manage inflation and encourage growth.
This is the most pessimistic CEOs have been regarding global economic growth since PwC began asking this question 12 years ago.
In 2019, we expect slower growth in nearly 90 per cent of the world. The global economy is now in a synchronized slowdown, Kristalina Georgieva said at the IMF headquarters here on Tuesday.
Morgan Stanley predicted that the US economy, the world's biggest, would shrink 5.5% this year
The G20 finance chiefs will also aim to adopt new principles on infrastructure spending to fix rising debt among emerging economies, and debate corporate tax policy that better distributes revenues from digital giants like Google and Apple.
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